British Pound / U.S. DollarEducation
Cable May Retest The 1.33 -1.34 Resistance Area
Hello traders!
A quick Cable update, where we have noticed a corrective decline for the past few weeks.
Well, at the end of 2020, we have seen strong and impulsive push to the upside, clearly with five waves into a wave A and then, from the beginning of January of 2020, we can see a three-wave a-b-c decline, ideally for wave B, so seems like Cable may retest the 1.33 - 1.34 resistance area for wave C of (B)/(2) before a bearish continuation into wave (C)/(3).
Trade well!
If you like what we do, then please like and share!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
A quick Cable update, where we have noticed a corrective decline for the past few weeks.
Well, at the end of 2020, we have seen strong and impulsive push to the upside, clearly with five waves into a wave A and then, from the beginning of January of 2020, we can see a three-wave a-b-c decline, ideally for wave B, so seems like Cable may retest the 1.33 - 1.34 resistance area for wave C of (B)/(2) before a bearish continuation into wave (C)/(3).
Trade well!
If you like what we do, then please like and share!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
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